Once you have chosen a vehicle that is the best fit with your lifestyle, it’s time to explore your financing options. Fortunately, with the finance experts this process has never been more straightforward, or more efficient.
Our team will guide you through the car buying experience, and for your convenience, you can complete a good portion of the purchasing process from the comfort of your home or office. From exploring our new vehicle inventory, to finding out how much your trade-in is worth, and calculating your monthly payments online, we make the process easy.
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- Wed - Thu8:30 AM - 7:00 PM
- Fri8:30 AM - 6:00 PM
- Sat9:00 AM - 5:00 PM
Little or bad credit? No problem!
Having bad credit may close many doors for you. At Northland Chevrolet, our doors are always open. All types of credit, from good to bad, can qualify for an auto loan. No credit, no problem! We will work with you to secure a no credit car loan if your situation demands it. Northland Chevrolet has strong relationships and is committed to finding you the perfect car loan company to suit your car finance needs. Below are several great ways you can boost your low credit score and get rid of that financial burden so you can get a used car loan.
1. Check your credit report easily with us
You need to know where you are financially. Checking your Credit Report lets you see where you need to improve. Do you have a few missed payments? Is your debt utilization too high? Knowing these things can help you decide what to tackle first. You are entitled to a free credit report each year from each credit bureau, Equifax, Experian, and Transunion. You’ll also want to check your credit report for any errors or fraudulent accounts. If something is inaccurate, make sure to dispute it.
2. Make a plan to catch up on payments & pay your bills on time moving forward
Making on-time payments is the largest factor that affects your credit score. If you are behind on payments, you won’t be able to improve your credit situation. If you can’t afford to bring everything up to date at once, you can contact your creditors and they will work with you to come up with a payment plan that’s good for you. Explain your situation and let them know that you want to pay your obligation. Let them know how much you can pay and how long you expect to pay for it. In most cases, it’s possible to work out an arrangement all parties can live with. Moving Forward, make sure to pay your bills on time. This includes non-credit bills.
Any missed utility payments or late rent payments can be reported to the credit bureaus. Because payment history is so important, establishing a reliable pattern is vital in rebuilding your credit. You may want to consider setting up automatic withdrawals in order to avoid missing payments in the future.
3. Try to avoid closing credit card accounts
The longer your credit history, the better your score. However, If you are pretty far behind on your payments, you may have no other choice than to close the account.
A payment plan may even require you to cancel your credit card. If possible, keep your older accounts so that you have a substantial credit history on your side.
Frequently Asked Questions About Bad Credit Car Loans
Q: Can I obtain a car loan even though I have bad credit?
A: Absolutely! We partner with a plethora of lending agencies that specialize in helping people with unfavorable credit ratings a loan for a car. Even if you have been denied in the past, we urge you to try again with us.
Q: Can I get a car loan if I have a bankruptcy?
A: Regardless of where you’re at in the bankruptcy process, we can work with you to get you authorized for a loan.
Q: I’ve had a repossession in the past, am I still able to get a car loan?
A: We want to assist you in re-establishing your credit and help you get past the issues you. We’ve had our share of buy here pay here customers who have had previous repossessions and we helped them find a car that meets their needs.
Q: I am disabled or on social security. Am I still able to obtain an auto loan?
A: Whether you are disabled or on social security, that is no problem for us. Being on disability does not hurt your ability to get financing at all. Social Security is also recognized by loan providers as a source of income and can be used to figure out the size of loan you are able to qualify for.
Q: I am self-employed, will it be harder for me to get a car loan?
A: Not at all. As long as you have a verifiable income, there should be no issue. We can use anything from tax returns, bank statements, or canceled checks to verify your income.
Q: I just started a new job, am I able to get a used car loan?
A: We fully understand that people switch jobs every so often. The banks we work with look at many factors beyond how long you’ve had a job. We have many ways we can get you financed even without a long work history.